Glenn Greenberg and partner John Shapiro founded Chieftain Capital Management in 1984. By pursuing a disciplined investment strategy, Chieftain compounded its accounts at 22.5% (before management fees) during the period from 1984 through 2004 versus 12.9% for the S&P 500. Greenberg invests in the same portfolio as his clients.
Investing Philosophy:
Glenn Greenberg maintains a highly concentrated portfolio that he describes as a "defense against ignorance." He believes that the more companies you own, the less you will know about each, and the less you know about a business, the more likely you are to make mistakes due to fear and greed. He usually owns less than 10 stocks. Greenberg invests in companies with little competition, and places a great deal of emphasis on Return On Invested Capital.
Often it is only in retrospect when it becomes possible to identify cases in which one has inadvertently followed herd like behavior rather than profiting from it. In such cases, rather than kicking yourself at the time mistakes were made, you can proceed to do so years after the mistake was made. I was kicking myself recently for making a mistake in 2004 that I previously recognized as a financial mistake but now realize that it was motivated by herd like behavior which I consider to be a sin much larger than a mere financial loss. More...
Hedge fund manager Glenn Greenberg founded Chieftain Capital Management in 1984. Greenberg runs a concentrated portfolio and invests personally, alongside his clients, in the same portfolio. Greenberg looks for companies with zero or few competitors and maintains that industries with gradual (rather than steep) growth attract less competition. He is buying the top predictable companies. This is his Q1 portfolio update. More...
Gleen Greenberg is known for deep research on a few companies, and concentrate his investment on them. Interestingly, he reduced his long term holdings in Comcast. This is his buys and sells during the fourth quarter. More...
Like many other value investors, Glenn Greenberg is buying, except when he buys, he bets the farm on it. He puts $3.9 billion in 10 stocks, with Comcast Corp. as a quarter of the portfolio. These are the details of the buys and sells. More...
What level of confidence do you need if you have to invest $4 billion dollars in just 6 stocks? Also among these 6 stocks the number one position is 40% of the total portfolio? This is exactly what Guru Glenn Greenberg is doing. It is also a key factor why he could achieve more than 22% a year since 1984. More...
Last fall, Wall Street money manager Glenn Greenberg kicked back in his orthopedic recliner and composed a letter of complaint to Comcast Corp. CEO Brian Roberts. A onetime squash champion, Mr. Greenberg used a sports analogy to appeal to Mr. Roberts, also an avid squash player. More...
What level of confidence do you need if you have to invest $4 billion dollars in just 6 stocks? Also among these 6 stocks the number one position is 40% of the total portfolio? This is exactly what Guru Glenn Greenberg is doing. It is also a key factor why he could achieve more than 22% a year since 1984. More...
Investors can learn an extraordinary amount from other successful value investors. Glenn Greenberg’s investment approach is not covered enough. His firm, Chieftain Capital, has produced returns of 22.5% from 1984 to 2004. His process is one that resonates with me and that I have tried to emulate in my investment philosophy. More...
How much confidence do you have in your research? Do you dare to put $4 billion dollars in just 8 stocks? Glenn Greenberg invests in that way. He concentrated his investments into his best ideas and achieved outstanding returns. These are his buys and sells during the 1Q 2007. More...
Glenn Greenberg of the Chieftain Capital Management buys Nike Inc. during the 3-months ended 09/30/2006, according to the most recent filings. Greenberg is known for his highly concentrated portfolio, with about $4 billion of asset in just 8 stocks. He invests 40% of the total asset into just one stock, Camcast. Apparently this strategy serves him well, the price of Camcast has gained more than 55% so far in this year. These are the details of his recent transactions. More...
Hedge fund manager Glenn Greenberg buys Crosstex Energy Inc., Crosstex Energy LP, sells Caremark Rx Inc., Freddie Mac during the 3-months ended 06/30/2006, according to the most recent filings of his investment company. Glenn Greenberg has a highly concentrated portfolio. His invests billions of dollars in only 5-6 stocks that he thinks he understands the best. These are the details of his purchases and sells. More...
On March 16th, value investor extraordinaire Glenn Greenberg spoke at Wharton to an audience of MBA and undergraduate students. Mr. Greenberg and partner John Shapiro founded Chieftain Capital Management in 1984. By pursuing a disciplined investment strategy, Chieftain compounded its accounts at an impressive 22.5% (before management fees) during the period from 1984 through 2004 versus 12.9% for the S&P 500. More...
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